USDINR
On Wednesday, The domestic unit (Rupee) losing grip against greenback expectation pair commence between 82.10 – 82.20 levels as dollar edged up against most major seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation data for a clearer picture of the economic outlook and the Federal Reserve's likely rate-hiking path.
India's forex reserves at comfortable level due to RBI, dollar – economists
Rio de Janeiro to host G20 summit in 2024
Israel foreign minister to cut short India visit after 'security update' back home.
USDINR TECHNICAL
Day Trend: - BUY ON DIP
Weekly Trend: - BUYING NEAR 5DMA
INTRADAY RANGE – 82.59 (82.26 – 81.93) 81.60
THE OIL PATH
Oil prices slipped in early trade after industry data showed a surprise build in U.S. crude stocks, while investors awaited U.S. inflation data for April that could give direction for the Federal Reserve's next rate decision.
GOLD
Gold prices rose further above key support levels, buoyed largely by safe haven demand amid uncertainty over the U.S. debt limit and slowing economic growth, with focus remaining on key inflation data due later in the day.
THE CHINA DATA
Chinese imports missed expectations in April, with copper shipments to the country falling nearly 13% from the prior year amid continued weakness in the real estate and manufacturing sectors.
Opmerkingen